| Security | $Holding | Balance | % of Fund | Category | Position | Country |
|---|---|---|---|---|---|---|
| SPY SPDR S&P 500 ETF Trust | 61.84 mm | 150.10 k shares | 42.26 | Common equity | Long | USA |
| Select Sector SPDR Trust | 21.69 mm | 291.20 k shares | 14.82 | Common equity | Long | USA |
|
VANECK SEMICONDU
|
17.27 mm | 72.80 k shares | 11.80 | Common equity | Long | USA |
| QQQ Invesco QQQ Trust | 17.16 mm | 54.40 k shares | 11.73 | Common equity | Long | USA |
| XRT SPDR S&P Retail ETF | 12.08 mm | 148.90 k shares | 8.26 | Common equity | Long | USA |
| DIA SPDR Dow Jones Industrial Average ETF Trust | 10.02 mm | 30.50 k shares | 6.85 | Common equity | Long | USA |
| BBH SWEEP VEHICLE | 7.90 mm | 7.90 mm principal | 5.40 | Short-term investment vehicle | Long | USA |
| BlackRock Fund Advisors | 7.16 mm | 117.20 k shares | 4.89 | Common equity | Long | USA |
| Krane Shares Trust | 5.23 mm | 184.60 k shares | 3.58 | Common equity | Long | USA |
| SPY US 09/30/22 C398 | 0 | -375.00 contracts | 0.00 | Equity derivative | Short | N/A |
| SPY US 08/31/22 C408 | 0 | -375.00 contracts | 0.00 | Equity derivative | Short | N/A |
| KWEB US 11/18/22 C36 | -175.37 k | -1.85 k contracts | -0.12 | Equity derivative | Short | N/A |
| DIA US 12/16/22 C335 | -352.28 k | -305.00 contracts | -0.24 | Equity derivative | Short | N/A |
| XBI US 12/16/22 C76 | -804.76 k | -682.00 contracts | -0.55 | Equity derivative | Short | N/A |
| XBI US 12/16/22 C71 | -1.22 mm | -807.00 contracts | -0.83 | Equity derivative | Short | N/A |
| ITB US 10/21/22 C50 | -1.41 mm | -1.17 k contracts | -0.97 | Equity derivative | Short | N/A |
| XLP US 12/16/22 C72 | -1.42 mm | -2.91 k contracts | -0.97 | Equity derivative | Short | N/A |
| QQQ US 12/16/22 C285 | -2.34 mm | -544.00 contracts | -1.60 | Equity derivative | Short | N/A |
| SMH US 11/18/22 C205 | -2.93 mm | -728.00 contracts | -2.00 | Equity derivative | Short | N/A |
| SPY US 12/16/22 C385 | -3.08 mm | -751.00 contracts | -2.10 | Equity derivative | Short | N/A |
